Searches And Hires
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan terminated the firm after closed session deliberations.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The plan’s full board will approve the investment committee’s commitments this week.
The city expects to award a contract in June.
The deferred compensation plan conducted a similar search in 2021.
The state investment management board recently made three private equity commitments.
The search is expected to conclude in the second quarter.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.